Washington, DC – Cassidy Turley announced today that it has been selected by Union Investment Real Estate GmbH (Union Investment) as its exclusive leasing agent for 600 13th Street, NW. 600 13th Street is a 240,000 square foot Trophy office building located in the heart of the East End submarket of Washington, DC. The building was built by Hines in 1997 and will undergo renovations to ensure that it maintains its premier Class A status. In addition, 600 13th Street has earned LEED® for Existing Buildings, Operations & Maintenance (LEEB-EB O&M) Silver certification. Cassidy Turley’s Phillip Thomas, Zeke Dodson, Richard Tonner and Kerri Mulligan Salih are representing Union Investment.
“Union Investment’s renovation of 600 13th Street will update a Trophy office building that will be available for new tenants in the fourth quarter of 2012,” commented Phillip Thomas, Senior Managing Director, Principal with Cassidy Turley. “This building was fully pre-leased when it delivered and we look forward to reintroducing it to the market. It is extremely rare for an entire building that has the combination of architectural features, location and modern amenities to become available for lease. We believe this building will get significant interest from law firms, lobbying firms and other tenants that want a prestigious location, efficient floorplates and Class A amenities,” he continued.
600 13th Street extends the full block on 13th Street, with additional street frontage on both F and G Streets, and is located directly across the street from the Metro Center Metro Station (Blue, Orange and Red lines). The East End neighborhood provides immediate access to a wide variety of restaurants, shops, entertainment venues, hotels, and cultural and historical sites including an on-site retailer and restaurant. One of the premier worldwide real estate firms, Hines, will continue to provide property management services for the building.
About Union Investment Real Estate GmbH
Union Investment Real Estate GmbH is a leading international investment management company specializing in open-ended real estate funds for private and institutional investors. Assets under management amount to EUR 19 billion. The portfolios of Union Investment's open-ended real estate funds comprise some 300 properties and projects in Germany, Europe, the Americas and Asia. Within the commercial real estate sector, the Hamburg-based company is active as an institutional investor, developer and landlord.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.